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Stock Investors Ignore Corona Threat… Should You? Will Coronavirus be blamed for the global recession? Apple is largest contributor to S&P 500 Gains – That could reverse to largest losses. World GDP growth at 29 year lows in spite of flood of artificial liquidity. The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick […]
[Reuters] Stocks reach record highs on hopes virus is peaking [Reuters] Oil rises from 13-month low as new virus cases slow [AP] Powell: Economy looks resilient despite risk of China virus [Reuters] Fed Chair Powell says U.S. economy “resilient,” but warns on coronavirus, productivity [CNBCs] Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit […]
[Reuters] Wall Street subdued as investors weigh coronavirus risks [Reuters] Coronavirus uncertainty subdues global shares, dollar eases after rally [Reuters] Oil slips on weaker Chinese demand, traders await OPEC+ cuts [Reuters] Metals – Zinc sinks to multi-year low on inventory jump and China fears [Reuters] China slowly returns to work as coronavirus toll hits daily […]
[CNBC] Coronavirus live updates: China pledges $10 billion to fight outbreak, UK confirms fourth case [Reuters] Deaths from China’s coronavirus outbreak surpass deaths from SARS [Yahoo/Bloomberg] Powell Testimony in Focus Amid Growing Virus Impact: Eco Week [Reuters] Pompeo urges U.S. state governors to be cautious in business with China [Bloomberg] Powell to Confront ‘New Risk’ […]
[Reuters] American dies of coronavirus in China; Britons infected at French ski resort [CNBC] Coronavirus live updates: US citizen dies in Wuhan, Italy warns of significant economic impact [Reuters] China blocks Foxconn plan to restart plants due to coronavirus: Nikkei [CNBC] ‘Crisis mode’: Coronavirus disrupts the heart of electronics manufacturing in China [AP] China scrambles […]
The S&P500 rallied 3.2% this week (trading to all-time highs Thursday), more than reversing (by 1.5 times) the previous week’s 2.1% decline. Ten-year Treasury yields rebounded as well, yet the eight bps rise was less than half the previous week’s 18 bps drop. Commodities markets couldn’t muster any recovery this week. WTI crude fell another […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: From Politics and Pandemics to Postings and Predictions … and More Politics This week, the market began to shift its attention from concerns about Presidential impeachment and the Coronavirus (nCov) pandemic to fourth quarter 2019 earnings and the […]
[Reuters] Rally in stocks runs out of steam as coronavirus toll climbs [Reuters] Oil rises after Russia supports possible supply cuts as coronavirus spreads [Reuters] China’s central bank says coronavirus outbreak could disrupt economy in first-quarter, has many policy tools [Reuters] Coronavirus cases on cruise liner off Japan jump to 61 [Reuters] China says banks’ […]
